Sprouts Farmers Market Inc (SFM)
Q3 2024 Results
We wrote about Sprouts Farmers Market Inc (SFM) on 1st Oct 2024. This was an “Initiating Coverage” type note and can be found here. We made an investment worth 1% of our portfolio and it has gone up 20% in six weeks.
We revisit the company in the light of the recent Q3 2024 results.
Sprouts Farmers Market, Inc. is a food retailer. It was founded in 1943 and is headquartered in Phoenix, Arizona. The company started as a single market stall.
SFM offers fresh, natural and organic food that includes fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, deli, baked goods, dairy products, frozen foods, body care and natural household items etc. It tries to target consumers interested in health and wellness and those with specific dietary requirement or allergies.
The company is driven by the rapid growth rise of the health-conscious customers and customers with specific dietary needs.
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